automotive

SoftBank's AI Investment Takes a Hit

SoftBank Gets $8. 2 Billion Boost from Intel as OpenAI Takes a Backseat SoftBank's latest quarterly earnings report has shed light on the state of its Vision Fund, which has been a source of controversy in recent months.

The company invested over $60 billion in OpenAI, an artificial intelligence startup, but the numbers suggest that this bet may be starting to show signs of strain.

The absence of gains from OpenAI is striking, given the previous quarter's nearly $20 billion gain driven largely by the success of OpenAI.

Read the full story

Read on TheBigTurbo →